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Looking for Blockfi Rate Reddit…YouHodler is a Swiss-based business that works as a crypto-backed loan service provider. Among its main principles is that you can still HODL, without having to wait on a spike to sell. It allows users to borrow fiat funds immediately, based on the worth of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins. The most beneficial function would be the option to withdraw fiat to an individual savings account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account. It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to move their crypto properties with ease. The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or an investor would possibly require. In other words, YouHodler provides a range of services that lets you harness your digital properties. YouHodler Wallet YouHodler’s wallet is created with simplicity and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

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Possibly the most noteworthy feature at YouHodler is its capability to offer you loans. An investor could consider these funding opportunities as a means of hedging. Most importantly, it gives you access to a flexible path to get in the cryptocurrency trading markets. With a crypto-backed line of credit, you can get fiat when you require it without touching your crypto portfolio at all. It removes a huge part of the threat that accompanies investment choices.   YouHodler is undoubtedly a leading gamer in this area– not least because it offers a top-rate loan-to-value ratio of up to 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as security. Users can get both instant money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates of interest on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate as low as 2.5%. Now let’s break down the loan process that YouHodler has in place.   YouHodler gives you a few options to select how you want to back your loan. You can request a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as collateral. The preliminary application process works as follows: Make a demand using your crypto properties as security Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin). When you pay back the loan, you will right away get the security back, no matter whether its worth has actually increased. As you can see from the above, the process is as smooth as it could be. The business does not perform any credit history checks or require time to consider whether you are eligible for a loan. On the contrary, if you have enough collateral and a confirmed account, you are excellent to go.

How do you get paid on YouHodler?

  • Loan Terms and Amounts. YouHodler has different bundles for loans that include predefined terms. There are three options for loan periods:. 1 month– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your rates of interest is not determined by the amount of collateral that you put up. Instead, it depends on the type of strategy you choose. YouHodler uses the very same rates of interest for all its users. As the community grows, the provider hopes that its rates of interest will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to help accelerate this goal.   Pros of YouHodler:. Strong Security. YouHodler put in place numerous methods to keep your funds safe.. Solid Insurance. Crypto possessions are insured for as much as $150 million. Stablecoin Interest. YouHodler offers some of the best rates of interest for stablecoins. Unique Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else. Flexible Terms. You can increase the duration of your loans at any time. High LTV. The top 20 coins can be used as security with 90% loan-to-value.

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    Cons of YouHodler:. Seniority. YouHodler was founded in 2018, which is rather recent compared to its rivals. Currencies to Borrow. Depending upon the currencies you utilize as collateral, you can only receive loans in USD, EUR, GBP, and BTC.. Year founded: 2018. Headquarters: Cyprus and Switzerland. Licenses: European Union Financial Commission. Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG). Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing. Kind of service: Direct lending. Cryptocurrencies are unpredictable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither method is especially simple to do. If you might just transfer your crypto someplace and earn interest on it, what. In this manner, if the rate increases by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can deal with that also because it lends out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works. YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Rate Reddit The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other nations.